Question 7 1 pts An impairment of an identifiable intangible asset arises when its carrying amount exceeds the: Asset's fair value. Asset's cost Present value of the expected future net cash flows. Expected future net cash flows. Question 8 1 pts An impairment of a goodwill arises when its carrying amount exceeds the: Reporting unit's assets' fair value. Reporting unit's book value. Expected future net cash flows. Present value of expected future net cash flows